Megan Williams

Virgin is considering possible three-way deal between itself, BMI and Luftansa. Virgin could get local flights in the U.K. and also form an alliance with Luftansa for international flights. Megan Williams reports.

Hungary is now receiving $25 billion from the IMF to help it cope with its dropped currency and deep debt. But with more countries on the horizon in need, will the IMF have enough? Megan Williams reports.

Italy wants to shrink its national debt by cutting education, which would mean 15 percent of teachers' jobs and $10 billion a year sliced from schools. Megan Williams reports the idea isn't sitting well with everyone.

With the price of oil and gas plummeting, Russia's once bulging budget could be heading for a deficit. Megan Williams reports half the country's income is from oil, and production is dropping along with price.

Russia met with OPEC to discuss ways of leveling out the cost of oil, as oil is now so low it could make production and investment unprofitable. Megan Williams reports it's unlikely Russia would agree to cut production.

The euro is now back where it was two years ago at $1.28. Megan Williams reports it's because investors are betting on another interest rate cut from the European Central Bank to help with the weakening economy.

France announced it's making billions of euros available to its major banks. The government wants the money to go towards credit for businesses and consumers. But Megan Williams reports the cash comes with conditions.

A year after a rogue trader took a major bank for millions, another French financial institution is suffering from one big risk-taker. Megan Williams reports on Caisse d'Epargne's case -- and France's upcoming bank audit.

Swiss banks UBS and Credit Suisse are the latest banks to receive multibillion-dollar bailouts. Megan Williams reports how cash from the government and global investors has ended the banks' shareholder risk.

Europe's rescue packages have been good news for investor confidence so far, but that's not necessarily the case for taxpayers footing the bill. Megan Williams reports what some countries will pay for their plans.